CHANGCHUN — First Auto Works Car Co. Ltd. posts a 10% interim profit increase, despite a drop in sales and a generally flagging automotive market. During the year's first half, FAW sold 7,153 units of its upscale “Honqi” Red Flag cars (based on Audi 100 technology), down 16% year-on-year. However, during the first six months of this year, the company reported a net profit of RMB216.36 million (US$26.2 million), up 9.5% year-on-year. Company officials attribute the rise in profits to ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.